New to the forums here, have been researching leasing a BMW 440i for a few days. Apologies if I exclude any needed information.
I’ve reached out to a few dealers here in NorCal about 2020 BMW 440i Coupes. There’s one in particular that I’ve been communicating with a dealer about: M Sport Package, black sapphire metallic paint, red dakota leather, heated steering wheel and navigation.
Car has an MSRP of $60,910 at the dealer right now, but in building roughly the same car on Edmunds, I arrived at an MSRP of $58,985 with a True Market Value of $53,734. Shared this with the dealer, who sent me an MSRP breakdown, showing a total suggested price of $57,315.00 wholesale and the $60,910.00 MSRP. The dealer then told me that the TMV of $53,734 would be a “heavy discount,” but that it’s doable.
So, I’m plugging these numbers into the Leasehackr calculator, because I’d like to show the dealer what I’d be comfortable paying per month and why. I don’t know the Money Factor for this model however, and I’m also not sure what to put for the Residual. Does anyone know what these numbers should be?
Also, any idea what percentage off the MSRP I might reasonably be able to expect? I’m hoping for $0 down with monthly payments of around $500, which sounds like a big ask to me. But the redesigned 2021 models will be out next year, and the dealer seems like they’re willing to work with me to move the car, so maybe not?
Would appreciate any help determining the MF, Residual, and what percentage off the MSRP I can reasonably ask for. Thanks!